Insider Selling: Neil Smit Sells 11,000 Shares of Comcast Corp. Stock (CMCSA)
Comcast Corp. (NASDAQ:CMCSA) EVP Neil Smit sold 11,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $53.20, for a total transaction of $585,200.00. Following the sale, the executive vice president now directly owns 111,898 shares of the company’s stock, valued at approximately $5,952,974. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded down 0.26% during mid-day trading on Wednesday, hitting $53.38. 9,114,529 shares of the company’s stock traded hands. Comcast Corp. has a 1-year low of $38.08 and a 1-year high of $54.96. The stock’s 50-day moving average is $52.37 and its 200-day moving average is $47.33. The company has a market cap of $141.6 billion and a P/E ratio of 20.92.
Comcast Corp. (NASDAQ:CMCSA) last released its earnings data on Monday, January 27th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $16.93 billion for the quarter, compared to the consensus estimate of $16.63 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Comcast Corp. will post $2.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of 0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, March 31st. This is a positive change from Comcast Corp.’s previous quarterly dividend of $0.20.
A number of analysts have recently weighed in on CMCSA shares. Analysts at Barclays raised their price target on shares of Comcast Corp. from $53.00 to $58.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Comcast Corp. in a research note to investors on Tuesday. Finally, analysts at Thomson Reuters/Verus downgraded shares of Comcast Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday. Six equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $53.48.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
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